Doubleview Gold Corp Closes First Tranche of $725,100, Non-Brokered Private Placement

Core Viewpoint - Doubleview Gold Corp has successfully closed the first tranche of its non-brokered private placement, raising a total of $725,099.70 through the issuance of flow-through units [1][2]. Group 1: Private Placement Details - The first tranche involved the issuance of 557,769 flow-through units at a price of $1.30 per unit, resulting in gross proceeds of $725,099.70 [2]. - Each flow-through unit consists of one common share and one common share purchase warrant, with the warrants exercisable at $2.00 per share for 24 months [2]. - The proceeds from this tranche will be allocated to the exploration program for the company's projects in British Columbia, particularly the polymetallic Hat Project [3]. Group 2: Financial and Regulatory Aspects - The company will pay finders fees totaling $2,502.50 in cash and issue 1,925 non-transferable finders warrants under the same terms as the flow-through units [3]. - All securities issued are subject to a four-month-and-one-day hold period, expiring on April 23, 2026, in compliance with securities laws [4]. - The private placement is pending final approval from the TSX Venture Exchange, with the company expecting to close the remaining portion in the coming weeks [4]. Group 3: Company Overview - Doubleview Gold Corp is a mineral resource exploration and development company based in Vancouver, focusing on precious and base metal projects across North America, especially in British Columbia [5]. - The company aims to enhance shareholder value through the acquisition and exploration of high-quality projects involving critical minerals such as gold, copper, cobalt, scandium, and silver [5]. - The company's success is attributed to the support of long-term shareholders and institutional investors, which has been crucial for advancing its strategic initiatives [6].